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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Sigma, Redruth is recorded publicly as a mid-century freehold house across 968 ft2 of internal area, sitting on a 673 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Sigma, Redruth is £465,797 and its rental estimate is £1,215 per month, given the available information and assuming reasonable condition.
Spar Lane, Illogan, Redruth, TR15 falls within the TR15 postal district.
Sigma, Redruth has 2 entries in the Land Registry , most recently in October 2019 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Sigma, Redruth, we estimate a market value of £489,087 and a rental value of £1,276 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £433,191 and £1,130 per month respectively.
Over the last year, Sigma, Redruth has seen its estimated sale value decrease by £12,760 (2.7%) and its estimated rental value grow by £50 per month (4.1%). This results in an estimated gross rental yield of 3.1%.
HM Land Registry records the plot of land for Sigma, Redruth as measuring 673 m2.
That makes it the 8th largest plot in the postcode, where 16 of the 19 other houses have recorded plot data.
Sigma, Redruth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
The most recent sale of Sigma, Redruth completed on 4th October 2019 at £350,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 27.6% over the period since October 2019.
Over the past 2 years 3 properties similar to Sigma, Redruth have sold within a radius of 800 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th September 2023, was Fern Cottage, Spar Lane, Redruth, TR15 3UR, a freehold house which sold for £495,000.
Read more about house prices in TR15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 19 addresses on Spar Lane, Illogan, Redruth, TR15, Sigma, Redruth comes out as the 14th largest and the 9th most expensive in our analysis of the public data.
It is also £161k more expensive than the average property across the TR15 district.
From Sigma, Redruth, the nearest station is Redruth, 3.2 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Sigma, Redruth, 47.2% of property is privately owned outright and 24.9% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Sigma, Redruth, 18.3% of residents are recorded as possessing school level qualifications and 35.4% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Sigma, Redruth, the average age was 45.4 and the most common age was 62.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Sigma, Redruth, 0.4% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Sigma, Redruth, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.
